Reported about 1 month ago
The Nasdaq index is poised for gains following a positive earnings report from Taiwan Semiconductor Manufacturing Co. (TSMC), which alleviated concerns in the chip sector. TSMC reported a 54% increase in quarterly earnings, helping to offset previous negative sentiments triggered by ASML Holding's lowered guidance. This recovery boosted major stock indexes, with tech stocks leading the charge, and investors are now looking towards upcoming economic data and central bank policy decisions for further direction.
Source: YAHOO